q27. a) you are planning to buy a new caravan to make a trip around australia. the cost of the van is $225000 and you can get a loan from the bank for that amount. if you can get a fifteen year loan at 8.75% per annum compounded fortnightly, how much do you need to pay every fortnight?

b) suppose you are going to receive $2000 per year for five years. the appropriate interest is 6% per annum. what is the future value if the payments are an annuity due?

c) what is the value of a 9% bond that matures in 5 years, pays interest semi-annually, has a face value of $1000, when the current market yield is 5.5% per annum?

d) jerry's airport pickup service is a fast growth stock and expects to grow at an annual rate of 25$ for the next 4 years. it then will settle to a constant-growth rate of 8%. the last year dividend was $4. if the required rate of return is 18$, what is the current price of the stock? (draw a timeline too)